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Domestic Issues:Summary Terms of Public Issues

Senior Notes

Issue # Aggregate Principal Coupon Ratings
R&I/
JCR
Issue Date Maturity Issue Price Lead Managers
BM 55 JPY 50billion 0.47% AA-/AA 2011.10.21 2016.10.20 100% SMBC Nikko Securities
BM 56 JPY 50billion 0.47% AA-/AA 2012.1.20 2017.1.20 99.98% SMBC Nikko Securities
BM 57 JPY 60billion 0.28% AA-/AA 2012.10.25 2017.10.20 99.97% SMBC Nikko Securities
BM 58 JPY 50billion 0.33% AA-/AA 2013.4.25 2018.4.20 100% SMBC Nikko Securities
59 JPY 50billion 0.254% AA-/AA 2014.4.23 2019.4.19 100% SMBC Nikko Securities

* "Benchmark Notes"
"Benchmark Notes" are SMBC's flagship issues that are issued in large amounts on a regular basis.

About "Domestic Senior Notes"

Please note that "Domestic Senior Notes" are sold mainly to institutional investors by dealers, not by SMBC.


Subordinated Notes

Issue # Aggregate Principal Coupon Ratings
R&I/
JCR
Issue Date Maturity Issue Price Lead Managers
10 JPY 70billion 2.11% A+/AA- 2007.2.16 2017.2.16 99.93% Daiwa Securities
SMBC Goldman Sachs
11 JPY 80billion 2.17% A+/AA- 2007.12.20 2017.12.20 99.97% Daiwa Securities
SMBC Goldman Sachs
17 JPY 21.5billion 2.80% A+/AA- 2009.2.12 2019.2.12 99.92% Daiwa Securities
SMBC Goldman Sachs
20 JPY 73billion 2.21% A+/AA- 2009.7.24 2019.7.24 99.91% Daiwa Securities
SMBC Goldman Sachs
22 JPY 100billion 1.43% A+/AA- 2010.9.28 2020.9.28 99.94% Nikko Cordial Securities
23 JPY 50billion 1.61% A+/AA- 2010.12.17 2020.12.17 99.93% Nikko Cordial Securities
24 JPY 40billion 1.60% A+/AA- 2011.6.1 2021.6.1 99.97% SMBC Nikko Securities
25 JPY 30billion 2.21% A+/AA- 2011.6.1 2026.6.1 99.98% SMBC Nikko Securities
26(*) JPY 150billion 1.08% (**) A+/AA- 2011.11.2 2021.11.10 (***) 100% SMBC Nikko Securities

* For retail investors
** After Nov. 10, 2016, the “reference swap rate” + 0.56% (the “reference swap rate”: the offered rate for JPY swap with maturity of 5 years that appears on Reuters page “58376” at 10:00 a.., Tokyo time, two business days immediately prior to Nov. 10,2016)
*** Redeemable on Nov. 10, 2016 at the option of SMBC subject to prior consent of FSA

27(*) JPY 40billion 1.56% A+/AA- 2011.11.2 2021.11.10 100% SMBC Nikko Securities

* For retail investors

28 JPY 30billion 2.17% A+/AA- 2011.12.20 2026.12.18 99.98% SMBC Nikko Securities
29(*) JPY 106billion 1.10% (**) A+/AA- 2012.3.22 2022.3.22 (***) 100% SMBC Nikko Securities

* For retail investors

** After Mar. 22, 2017, the “reference swap rate”+ 0.58% (the “reference swap rate”: the offered rate for JPY swap with maturity of 5 years that appears on Reuters page “58376” at 10:00 a.m., Tokyo time, two business days immediately prior to Mar. 22, 2017)

*** Redeemable on Mar. 22, 2017 at the option of SMBC subject to prior consent of FSA

30(*) JPY 100billion 0.87% (**) A+/AA- 2013.1.29 2023.2.28 (***) 100% SMBC Nikko Securities

* For retail investors

** After Feb. 28, 2018, the “reference swap rate” + 0.50% (the “reference swap rate”: the offered rate for JPY swap with maturity of 5 years that appears on Reuters page “58376” at 10:00 a.m., Tokyo time, two business days immediately prior to Feb. 28, 2018)

*** Redeemable on Feb. 28, 2018 at the option of SMBC subject to prior consent of FSA

What are subordinated notes

Subordinated notes are the notes that are subordinated in right of payment to all senior indebtedness of a bank, such as deposits or senior notes.

Specifically, in case of certain subordination events to the bank, such as (1) when a court adjudicates the bank to be bankrupt, (2) when a court commences reorganization proceedings with regard to the bank, or (3) when a court commences civil rehabilitation proceedings with regard to the bank, etc., claims under principal of, and interest on subordinated notes will become payable only after the claims under the senior indebtedness of the bank are paid in full.
Most of SMBC’s subordinated notes publicly issued in the domestic market ("Domestic Subordinated Notes") are in a 10-year bullet format (“Domestic Subordinated Notes (10-year bullet)”) while SMBC also issues the Domestic Subordinated Notes for retail investors centered on individuals and those with callable feature for institutional investors, taking into account market conditions and investors’ appetite.

SMBC's Commitment to the Secondary Market

SMBC, as an issuer, recognizes the importance of the secondary market of “Domestic Senior Notes” and "Domestic Subordinated Notes", and has made and will continue to make every effort to develop it. Specifically, in order to enhance the liquidity and transparency in the secondary market:

  1. SMBC gives careful consideration to the secondary spreads in setting issue prices in order to avoid disparities between the primary and secondary markets;
  2. SMBC expects underwriters to make a market on a best effort basis in order to enhance the liquidity of the secondary market;